I've been running some numbers, one thing I see is that the SP-20 vs. the S4 is an under volt advantage that gains you money at the wall in favor of SP.. I may be wrong, but if they come out with new tech ANY batchs of the S4 won't even come close to ROI.. I bought some of the FIRST S4s to ship, and they are no where close to ROI . Even with the coupon, I can't pull the trigger when my first several S4's are so far under water. It takes me almost 15 days of mining to cover electricity cost alone. Anything after 15 days goes to the under water s4's .. This late in the game on the 28nm tech I can't find a reason to grab more. Anyone else have thoughts on how to make the s4 more profitable ?
With a coupon I can get 4 S4s for 3358 to my door. My calculations put me at Mid-February before i am losing money every day. All told I will spend $3358 and make about $1500 in revenue. So I lose $1800.
How is anyone buying these and making this work. Even with free power and difficulty increasing at 10% I don't break even until June of next year.
I would love to get into mining, but I cannot see how mining can make any sense to anyone anywhere unless you get the hardware for half what is the current going rate per mhs and free power.
1)
https://bitcoinwisdom.com/bitcoin/difficulty difficulty is slowing, and its unlikely there will be any 10%+ increases until a dramatic price rise occurs - though next week may see a big jump due to the black friday deals by SPTech and Bitmain.
2) most people mining assume the bitcoin price will rise such that profitability is extended
3) you can underclock/undervolt to 0.5w/GH to extend the lifespan
If you look at your calculations you basically assume it wont be profitable past june because you are assuming the price of bitcoin is still only $375 at that time, when (i personally believe) a price of $800+ is likely. If it isnt, you can expect the influx of new equipment to grind even further to a halt as all 1w/gh+ equipment is turned off.
I don't understand the price must rise to justify mining logic. I can spend 9 BTC on miners now, I don't care about the price in the future, i want my 9 BTC back. I will never get there with any calculation I come up with.
Anyone that is justifying buying a miner with a rising price, I suggest that you simply buy Bitcoin with your money rather than a stupid miner.
I would not be surprised to see a drop in hashrate and difficulty in the coming months. Which tells me the price is going down... not up.